British Pound / Japanese Yen
Short
Updated

GBPJPY Potential Short Oppotunity

50
GBPJPY Trade Idea Harmonic White Swan and Bearish Shark

Published: 07-12-2018

Pair: GBPJPY

Description: Bearish Shark completed at 148.550 and Bearish Swan at 148.700. A minor correction is predicted.

Note: The trend is strongly bullish and the pair break above the main resistance at 148.00 -148.200. The target of the formation is limited with ex-resistance / new support 148.200 – 148.000.

Our GBPJPY Trade Idea:

Trade: Short

Entry: 148.800 / Confirmed by MM as well.

Stop: 149.100

Target 1: 148.200

Target 2: 147.800

Good Luck
Note
148.630 - 148.800 area of the entry.
Note
We close 50% of the position at 148.300 with 50 pips and move our SL to entry.
Trade closed: target reached
With 100 pips we go out of the trade. Update is coming soon

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.